12/574-576 Forest Road, Penshurst, NSW 2222 sold on 22 August 2025 | OnTheHouse
SOLD
Sold on 22 Aug 2025 for $555,000

12/574-576 Forest Road
Penshurst NSW 2222

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 12/574-576 Forest Rd, Penshurst

12/574-576 Forest Rd, Penshurst is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Unit sold in Penshurst in the last 12 months.

Building Type
Unit

Last Listing description (August 2025)

“Refreshed 2nd Floor Apartment with Dual Balconies”

Delivering a stylish blend of functionality, durability, and lifestyle appeal, this recently refreshed two-bedroom apartment offers a fantastic opportunity for first-home buyers, investors, and downsizers alike. Set on the second floor of a solid double brick complex, this home features two separate balconies, quality finishes, and light-filled interiors that maximise comfort and practicality. With a flowing layout and low-maintenance design, this apartment is well-positioned for those seeking convenience, privacy, and long-term value in the heart of Penshurst.

This property is completed by quality inclusions such as:

- Open-plan living/dining space with floating timber flooring, downlights throughout, and a split-system air conditioning unit for year-round climate control.

- Refreshed kitchen featuring a laminate benchtop, tiled splashback, stainless steel sink, ample cupboard storage, and 600mm Technika induction cooktop and oven.

- Two well-sized bedrooms, both carpeted and offering direct access to a private rear-facing balcony.

- Main bathroom combines convenience and practicality, featuring a shower/bath combo, vanity, toilet, and integrated laundry area with stainless steel tub and additional storage.

- Light-filled front balcony off the living area offering open views and natural ventilation.

- Secure ground-level parking space and a dedicated lock-up storage cage.

- Currently tenanted for $450 per week
- Ideally located just 400m from Olds Park and only 900m from Penshurst Station and CBD, this apartment places you within easy reach of the suburb’s key lifestyle offerings. With shops, schools, dining, and transport just moments away, this home offers everyday convenience in a well-connected, desirable neighbourhood.

This is a rare opportunity to secure a low-maintenance, well-located apartment in a tightly held suburb. Whether you're stepping into the market, adding to your portfolio, or downsizing without compromise, this property delivers lifestyle, location, and long-term value.

The team at First National Collective are proud to present this excellent opportunity to the market. With its combination of thoughtful updates, solid construction, and prime location, we are confident it will be a much-loved home or smart investment for years to come.

First National Real Estate Collective believes that all the information contained herein is true and correct to the best of our ability however we encourage all interested parties to carry out their own enquiries.

Property History for 12/574-576 Forest Rd, Penshurst, NSW 2222

A timeline of how this property has performed in the market
Last Sold
$555,000
22 Aug 2025
Listed for Rent
$395/w
10 Oct 2023
  • 14 Aug 2025
    Sold for $555,000
  • 05 May 2025
    Listed for Sale $555,000
  • 21 Sep 2023
    Listed for Rent $395 / week
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About Penshurst 2222

The size of Penshurst is approximately 2.5 square kilometres. There are 13 parks, covering nearly 9.3% of the total area. The population of Penshurst in 2016 was 12786 people. By 2021 the population was 12592 showing a population decline of 1.5% in the area during that time. The predominant age group in Penshurst is 20-29 years. Households in Penshurst are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penshurst work in a professional occupation.In 2021, 60.60% of the homes in Penshurst were owner-occupied compared with 60.70% in 2016.

Penshurst has 5,937 properties. Over the last 5 years, Houses in Penshurst have seen a 25.56% increase in median value, while Units have seen a 26.98% increase. As at 30 April 2026:

  • The median value for Houses in Penshurst is $1,872,635 while the median value for Units is $740,119.
  • Houses have a median rent of $850 while Units have a median rent of $600.
There are currently 13 properties listed for sale, and 9 properties listed for rent in Penshurst on OnTheHouse. According to Cotality's data, 233 properties were sold in the past 12 months in Penshurst.

Suburb Insights for Penshurst 2222

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Cooper Judge
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Andrew Valciukas
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First National Collective
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.